Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

[Guest]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

Yes, the world is becoming an idiocracy, so anyone who does something prudent and smart will be decried as "selfish", as a prelude to looting their wealth "for the common good".

I agree with you jpatter.... one only needs to look at the runup to the Iraq war to see how quickly the population can be "homogenized" over a single issue.

Remember folks, what EJ writes about takes place in a world that most people, today, can not fully recognize or imagine. The times will be very trying; despair and fear are great at bringing people together.



edit - add:

I can see a day when it will be extremely unpatriotic to own gold, let alone to wear gold. Rappers - take note!

[metalman]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

Yes, the world is becoming an idiocracy, so anyone who does something prudent and smart will be decried as "selfish", as a prelude to looting their wealth "for the common good".

[Chris Coles]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

There is a better way; it is called Free Enterprise.

[labasta]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

I'm surprised to see that the iTulip position appears to be that the US' claimed gold holdings are accurately & completely accounted for.

It seems likely that at least some of this gold has been 'leased' into the real market and now hangs around the necks of Asian brides?

I agree with renewable here. I think the "controllers" of the financial system have been lying through their teeth. I bet you they don't have any gold of significance at all. We can't audit them so we will never know. They fact that they refuse to be audited raises a huge red flag and the stink of bullshit immediately wafts under peoples' nostrils.

My opinion is that the official "gold market" of the central banks is a game of smoke and mirrors.

I've no idea who really has all the gold. I don't think anybody here has.

[labasta]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

It's also easy to underestimate the effectiveness of these campaigns. The ease with which the invasion of Iraq was sold is indicative.[/INDENT]

It's also easy to underestimate the effectiveness of these campaigns. The ease with which the invasion of Iraq was sold is indicative.[/INDENT]

Not anymore. Wasn't there a poll recently for the US what stated that two thirds of its citizenry do NOT trust their government.

You can actually thank 911 and the Iraqi/Afghan war for that.

I bet the government thought 911 was their greatest propaganda victory when really that event has woken most people up to their lies and deceit.

I was a sheep before 911 and believed everything I heard on the Tee Vee. Thanks to that even I now know and see that all "news" is propaganda selling some bullshit or another whether government policy (which is really the selling of armaments or pharma etc.) to the PR piece for some company whatever the size (especially in America after watching their TV for the first time last year while on a very eye opening trip to New York).

I now think the government lie at every opportunity and at every waking moment their brains start to engage.

They are a government of deceit and treachery and corruption only. They neither represent me nor anyone but those very few who have the most money.

They are our enemy an they are weak and they will fall.

This opinion is echoed with millions of people throughout the world and it is growing dramatically.

The last generation to believe unquestionably everything authority tells them is quite old now (70 years and over). They believe their authority always ha their best interest at heart. How many people think like that now? (a third of the population?) In the US it seems so.

Even in the most heavily brainwashed and controlled and racially divided country on the planet (if my trip to New York was anything to go by), the US citizens are waking up fast.

It won't be long now. And when the US people revolt (when most people have lost everything) - and they will - it will be a tsunami.

Regime change is coming.

[bart]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

...
The last generation to believe unquestionably everything authority tells them is quite old now (70 years and over). They believe their authority always ha their best interest at heart. How many people think like that now? (a third of the population?) In the US it seems so.
...

For what its worth, during the American Revolution only about 45% of the colonists were in favor of it, with about 20% remaining loyal to Britain and the 35% remainder staying neutral.

[jiimbergin]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

The last generation to believe unquestionably everything authority tells them is quite old now (70 years and over). They believe their authority always ha their best interest at heart. How many people think like that now? (a third of the population?) In the US it seems so.


Regime change is coming.

And I assure you many over 70 no longer believe unquestionably.

[EJ]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

In light of this statement, how do you explain the fall in treasury yields from 2001 onwards and the selling of gold by foreign central banks until 2009. I mean, if the unofficial plan B was gold, why would there be any selling of Gold by Central banks?

The crisis stage of the process described as the Triffin Dilemma began in 2002.

In the 1960s economist Robert Triffin theorized that the country whose currency foreign nations wish to hold as a global reserve currency must be willing to supply the world with an extra supply of its currency to fulfil world demand for trade.

My theory is that in the instance of the real world case of the US$ Treasury reserve standard that at some point the total amount of foreign exchange outstanding becomes so large relative to the issuer's economic surplus that trade partners of the reserve currency issuer decide in near unison that the global supply of the currency is becoming excessive.

At the point of questioning the accumulated volume of global US$ reserves they begin to buy gold to hedge incremental purchases of US$ Treasury bonds in order to hedge the credit default risk that is part and parcel of this incremental global accumulation of US$ beyond some economic surplus threshold known to them.

To maintain the system and prevent failure, foreign central banks continue to buy more Treasury bonds. At the same time they buy gold to hedge the incremental default risk that this increase in Treasury holdings represents.

[renewable]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

I agree with renewable here. I think the "controllers" of the financial system have been lying through their teeth. I bet you they don't have any gold of significance at all. We can't audit them so we will never know. They fact that they refuse to be audited raises a huge red flag and the stink of bullshit immediately wafts under peoples' nostrils.

My opinion is that the official "gold market" of the central banks is a game of smoke and mirrors.

I've no idea who really has all the gold. I don't think anybody here has.

It does concern me that the apparent location of US Treasury gold is a key part of iTulip's gold remonetisation thesis, yet iTulip seems unwilling to make any comment related to the question of whether the gold is actually there or not.

Sorry, but the following:

This is the official iTulip position on leasing of Treasury gold:

Given America's historical unilateralism with respect to foreign gold obligations, in a crisis, who would you rather be, a foreign holder of a paper claim against US Treasury gold or the US government with the gold in the vault?

Doesn't appear to make a great deal of sense; If the gold has only been leased in paper form, why would there be any claim against US Treasury gold at all?

[gnk]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

The US holds gold - called "custodial gold" for many other nations. From what I have read, during the late stages of the Bretton Woods gold standard era, only France asked for physical gold to be delivered when redeeming US Dollars. Diplomatically speaking, it was a very awkward situation that I believe also precipitated the eventual closing of the gold window.

You have to remember that during the gold standard era, when Central Banks asked to redeem their surplus dollars for gold - the vast majority of the time it was merely a bookeeping entry - the gold never moved from US storage.

Knowing this - I don't understand how anyone can still doubt that the US has physically transferred most of its own gold to foreign nations - either for recent leasing purposes or prior redemption purposes under Bretton Woods - especially if the US still has physical possession of many other nations' gold.

I submit that the US has physical access to more sovereign gold, including its own, than any other nation on earth. And today, even Germany won't ask for delivery of its custodial gold. Why? It would spook the markets and affect Germany just the same as everyone else. Plus - Germany probably already knows the answer if it were to ask for its gold to be delivered to some US port for "pick up."

Has the US made foolish decisions in the past? Sure. But on this issue, I don't underestimate the US's (un)official policy on its gold. It has the ability to create ex nilio the world's reserve currency. Why would it ship out it's gold?

On this topic, the extreme gold bugs are getting a little too tinfoil, IMHO.

[renewable]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

Ah, I see - so perhaps when Fred says:

This is the official iTulip position on leasing of Treasury gold:

Given America's historical unilateralism with respect to foreign gold obligations, in a crisis, who would you rather be, a foreign holder of a paper claim against US Treasury gold or the US government with the gold in the vault?

This might mean something like "An amount of US Treasury gold may have been physically sold into the market, but the US can just replace this with the custodial gold that it holds on behalf of other nations - after all, what can they do?"

[gnk]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

It doesn't need to replace it - if it never physically left the US. Think of it this way: There are three types of sovereign gold on US soil:

1) US Gold - 100% free and clear title - no leasing arrangement - no pending sale, nothing. Pure, unencumbered gold.

2) US Gold - that may have been leased.

3) Foreign gold held in Custody by the US.

(Keep in mind, the above is just conjecture - I don't have the actual figures - but this is how I describe the available categories of gold ownership - in a legal sense)


A leasing arrangement on US gold is the easiest to break. The US still has title to the gold - it's just unilaterally breaking the existing lease, the way a landlord can kick a tenant out. Of course, a sovereign country like the US doesn't have the same legal limitations a real estate landlord has. It makes its own laws.

"Buying" US stored custodial gold from foreign nations - gets a little more complicated. There's a reason I put the word "buying" in parentheses. It would be a unilateral "purchase." For example, the US would tell, say, Germany - we are buying your gold that we have held in custody since Bretton Woods. Here's your money. That's it. Diplomatically, this is difficult - but depending on the circumstances, it can still be a viable option.

Keep in mind, gold arrangements between different central banks and treasuries don't always involve the physical movement of gold. They are often merely book keeping entries.

[gnk]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

I want to add one more point. If the US is not being completely honest about its gold - I would think the dishonesty is not that its gold holdings are depleted, but rather the opposite - that it has more gold than it states officially. Many countries are doing this now.

One only needs to see what China is doing. It is buying gold from its domestic production, yet not publicly updating its official gold reserves figures. The last time China released official figures, it nearly doubled them overnight.

Jim Rickards has recently traveled the Middle East. There was an interesting story he related, though I do not recall the country, or if he disclosed that country but he stated to an audience that the official reserves of this one country seemed low given the current global central bank drive into gold. When he said this, the audience members' expressions were telling. I guess one had to be there. It looks like many nations are being discreet about their gold ownership.

I see it this way - Whereas Central banks are slowly creating an ever-increasing floor for the price of gold, speculators are ever increasing gold's trading range - volatility. This should be irrelevant to those holding gold as insurance - long term. Central banks need gold to rise, as it is a measure of inflation and they need to devalue against gold either for paying off debts or to maintain a trade advantage - but they don't want gold to rise so fast that it represents a canary in the coal mine - a severe warning system - thus tipping the global financial system into disarray.

It's a catch-22.

It's the greatest hedge in the history of global finance, IMHO. We're not talking about hedging loans, or oil... we're talking about a hedge against the collapse of the entire global financial system as it works today.

[c1ue]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

The US holds gold - called "custodial gold" for many other nations. From what I have read, during the late stages of the Bretton Woods gold standard era, only France asked for physical gold to be delivered when redeeming US Dollars. Diplomatically speaking, it was a very awkward situation that I believe also precipitated the eventual closing of the gold window.

How do you reconcile the above with Nixon taking the US out of Bretton Woods and the central bank gold standard?

How do you reconcile the above view with the US engineering the IMF reserves to become part of the US' gold reserves in the runup to Nixon's actions?

Both facts do not make any sense given the narrative you are attempting to lay down.

Perhaps you could provide links to the facts you are commenting on.

[DSpencer]

Re: Essential Trends - Part I-A: Gold in an Era of Global Monetary System Regime Change - Eric Janszen

Rather than by government confiscation as gold fanatics warn, I have argued since 2001 that the most probable endgame is for global monetary crisis to force the U.S. to re-open the gold window, a concept I explain in detail later, with gold turned in by U.S. citizens voluntarily to increase U.S. holdings from 8,133 tons today to enough to truly back the full faith and credit of the U.S. Treasury.

EJ,

Can you provide any insight on the bolded part of your quote above? Specifically:

1. How much gold is enough?
2. How much gold do (or will) US citizens have?